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Globalization Quiz

Authored by Ngoc Nguyen

Education

University

Used 4+ times

Globalization Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is globalization?

The elimination of all political borders

The shift toward a more integrated and interdependent world economy

The promotion of local products in global markets

The increase in cultural homogeneity

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is NOT a characteristic of globalization?

Has been growing

Has economic and non-economic dimensions

Uniform impact across all regions

Is stimulated by several factors

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary reason companies engage in international business?

To promote cultural exchange

To expand sales, diversify resources, and reduce risk

To support local economies

To avoid domestic competition

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is one advantage of the globalization of production?

Higher transportation costs

Increased inventory levels

Improved efficiency in customer service

Limited market adjustments

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What factor has most significantly driven globalization in recent decades?

Advances in communication and transportation technology

Increased regulation of trade

Decline in international competition

Uniformity of consumer preferences worldwide

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does a multinational corporation (MNE) primarily operate with?

Domestic resources only

Foreign direct investment (FDI)

Licensing agreements exclusively

Outsourced production entirely

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is one criticism of globalization?

It reduces access to foreign goods.

It fosters environmental stress and growing income inequality.

It eliminates competition between companies.

It isolates nations economically.

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